The Japanese yen dropped today, falling for the fifth straight session against the US dollar. The currency declined as Japan’s trade data disappointed investors.
Japan’s trade balance demonstrated a deficit of ¥0.36 trillion in September. It was little changed from the August’s value but markedly above the median forecast of ¥0.07 trillion. Meanwhile, analysts continue to argue whether the Japanese central bank is going to ease monetary policy even more or stay put.
USD/JPY gained from 119.82 to 120.01 as of 13:06 GMT, trading near the highest level since October 13. EUR/JPY rose from 135.94 to 136.25.
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